Market Share of Pharmaceutical Contract Development and Manufacturing Organization (CDMO) Industry
The Pharmaceutical CDMO market is fragmented since several vendors contribute to the market share. The existence of numerous competitors in the market has an impact on service pricing, making it a direct source of competition, particularly for small-scale providers. The vendors in the market are anticipated to concentrate on offering one-stop-shop services to gain a competitive edge. The CMO, with access to significant capital, would be able to engage in these activities, thus making entry difficult for new players and enhancing competition. Players in the market are adopting strategies such as partnerships, company expansions, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- June 2023 - Catalent announced that it has broadened the scope of its One Bio Suite solution, comprising development, manufacturing, and supply for a range of biotechnological modalities including antibody and recombinant proteins, cellular and gene therapy as well as mRNA.
- January 2023 - Catalent announced that it signed a development and license agreement with Ethicann Pharmaceuticals Inc., a Canadian/American specialty pharmaceutical company specializing in creating high-value cannabinoid drug therapies, using Zydis orally disintegrating tablet (ODT) technology to advance Ethicann's clinical drug pipeline. Per the agreement, Catalent would use its Zydis technology to create pharmaceutical products containing cannabidiol (CBD) and tetrahydrocannabinol (THC) for Ethicann's use in clinical trials for a variety of conditions.
- January 2023 - Thermo Fisher Scientific Inc. acquired the global provider of specialty diagnostics, Binding Site Group, for USD 2.8 billion. With the addition of ground-breaking innovation in multiple myeloma diagnosis and monitoring, the Binding Site broadens Thermo Fisher's already expanded specialized diagnostics range. Patient outcomes can be significantly impacted by early diagnosis and well-informed treatment choices.
Contract Development and Manufacturing Organization (CDMO) Market Leaders
Catalent Inc.
Recipharm AB
Jubilant Pharmova Ltd
Patheon Inc. (Thermo Fisher Scientific Inc.)
Boehringer Ingelheim Group
*Disclaimer: Major Players sorted in no particular order
Pharmaceutical Contract Development and Manufacturing Organization (CDMO) Market Report Snapshots
- Pharmaceutical Contract Development and Manufacturing Organization (CDMO) Market Size
- Pharmaceutical Contract Development and Manufacturing Organization (CDMO) Market Share
- Pharmaceutical Contract Development and Manufacturing Organization (CDMO) Market Trends
- Pharmaceutical Contract Development and Manufacturing Organization (CDMO) Companies